Turkey’s Capital Markets Board Unveils New Regulations for Crypto Service Providers in 2025

The Capital Markets Board (CMB) of Turkey has enacted two new communiqués establishing regulatory frameworks for crypto asset service providers. These regulations, published in the Official Gazette on March 13, outline operational, financial, and governance requirements for firms operating in the cryptocurrency sector.

The communiqués, part of the broader amendments introduced under the “Law on the Amendment of the Capital Markets Law No. 7518,” bring crypto asset service providers under the direct supervision of the CMB

Notably, the new rules aim to enhance market integrity, investor protection, and financial stability.

Key Provisions of the New Regulations

Per the CMB’s release, the first communiqué, “Communiqué No. III-35/B.1 on the Establishment and Operating Principles of Crypto Asset Service Providers,” outlines the regulatory framework governing the formation and operations of crypto asset service providers

It establishes rules for licensing, registration, and ownership structures, including share transfers and the qualifications of founders and partners. Additionally, the communiqué sets governance standards, requiring firms to implement internal control and risk management systems, maintain robust information security protocols, and ensure their technological infrastructure meets regulatory standards

The second communiqué, “Communiqué No. III-35/B.2 on the Working Procedures, Principles, and Capital Adequacy of Crypto Asset Service Providers,” focuses on the operational aspects of crypto service providers

Notedly, it defines the types of services these firms can offer, including trading environments, custody, and asset transfer mechanisms. The communiqué also introduces listing standards for crypto assets on platforms to ensure investor protection and fair market practices

Moreover, it imposes capital adequacy requirements designed to enhance the financial stability of these firms, ensuring they have sufficient reserves to meet their obligations and protect customer assets in case of financial distress.

Regulatory Oversight and Market Implications

The CMB’s move to regulate crypto service providers aligns Turkey with global trends where financial regulators are tightening oversight of digital asset markets while industry participants are expected to comply with these new standards immediately

While the Turkish government has previously expressed concerns about unregulated crypto activities, this framework offers clarity for businesses and investors alike. Market analysts suggest that these measures could lead to increased institutional participation and consumer confidence in Turkey’s crypto industry.

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